I am not well-versed in Kagi charts. The chart is saying something, by the look of it, but I am not sure exactly what. The chart Z actually posted was a little easier to read after I looked at it long enough. It looks like this one is showing a market trying to shed itself of people who use Kagi for this market.
I have read the info about Kagi charts and still can't get a feel for them.
This one is a 4% move away from a Friday close to go to the next bar (I think). There is no time element to these charts.
Sorry, I am of little help. I am bearish DX until something different occurs.
Another chart he posted says stocks going south here. and I mean right here. If the chart is right, I'll try to figure out how it was made. If it's wrong, it will have little value and I might post it up.